The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1887-08-22
FINANCE AND COMMERCE.
Money 8 Per Cent, New York Ex'
cnange 18 Premium.
Cotton Quiet-Mtddfng COtton' S'so
--sales Today, $50
Bales.

sAYvapAY EVENING. August 20, lSS7.i
Money rates remain firm at 8 per
cent. No session oil the Stock Gall
Board was held today. Cotton Oil
Trusts tumbled to $685. the lowest
point reached by the Trusts since they
sold at zoe.
The local cotton market closed quiet
at an advance Of 10 on all grades. The
fist Shelby county, Tennessee, bale Of
cotton 0. the crop o. 1887 So vas sold
in front OF the Cotton Exchange today
at 15ic, the purchasers being Patter'
son, Muller 4 Co. 1t wa, raised by 8.
g. Caldwell on his place a few miles
east Of the city. Several other bales
of new cotton were also received to-
day.
New. Orleans spots closed firm and
higher by l.l6@S.16c, according TO
grade. August futures went up IL
points, september points, and the
new crop months IL to 10 points. The
number OF new bale, received today
was $50.
At Liverpool cotton wal firm, sellers
asking an advance. Futures advanced
Ito 5 points. New York spots were
up / 16c; Angus. futures advanced 10
points, September Is points and the
new crop months 8 to points. The
New York Commercial Bulletin says:
sit was suggested that some sort oil
little squeess in August wonld be at
tempted ct New Orleans, where the
list has gone up several points, but
nothing could stimulate bull feeling
here, and only the light Offering ap'
peared to hold the position where II
was, The condition Of the crop Is still
believed to be very good"
The prej udics against investment In
coffee Is the most difficult TO over
come, especially With those who wert
buyers before the las. break In prices
Sweets are holding q pretty steady
position, and on teas and spices own
ers are not inclined 10 negotiate excep
ut good round prices.
II Is strongly urged by those wht
have carefully studied the ground tina
Louisiana sugar pa iters abandon thu
plsntation sugsr.house system, u
which thew have hitherto confined TIL
production from the cane and adop
the central sugsr factory method. Un
der the old way plantation sugar
house working 500 to $50 hogsheads o
less cannot afford to maintain tn
proper grade OF machinery, and
compelled &C certain 81 asons TO emplo.
a large extra amount Of labor. A cen
trail factory, however, would have al
the aivsn ages of new and improve,
machinery, q steady and consequently
better skilled working force, and RI
for a much longer period than tn
private establishments. The factor
system will be insuguraed In tn
Teche portion oil the STATE by the B
Mays branch OF the Louisiana Sugs
Planters' Associat on when the pre-
emit crop IL ready Tor grinding, and
the result Ia successful other section
are understood TO be ready to follow
IMPORTS.
Twenty-Five brls spple', 2062 rol
bagging, 400 pkgs bacon, 1860 PIX
boots and shoes, 1900 bu corn, j:
pkge cheese, 80 sks coffee, 7C0 bd
cotton tiee, 100 brls cement, l2l PIX
drygoods, 81 pkgs eggs, 300 brls hou
1928 bales nay, OIL pkgs hats, 20 he'
cattle, rs head horses and mules, u
pkes lard, IL. 600 feet lumber, Al PIX
liquors, $50 brls lime, 80 brls neal, 3
kegs nail, 10 brls onions, % brls pot
toes,3 cars porksides. SO brls sug'
426 pkgs tobacco and 1900 bu wheat.